Sumitomo Mitsui Trust Holdings Inc. Buys 12,133 Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO)

Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 5.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 235,223 shares of the real estate investment trust’s stock after acquiring an additional 12,133 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.11% of Sunstone Hotel Investors worth $2,524,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Fox Run Management L.L.C. acquired a new stake in Sunstone Hotel Investors during the 3rd quarter worth $101,000. Versor Investments LP acquired a new stake in Sunstone Hotel Investors during the 3rd quarter worth $112,000. Evergreen Capital Management LLC acquired a new stake in Sunstone Hotel Investors during the 3rd quarter worth $127,000. Envestnet Portfolio Solutions Inc. acquired a new stake in Sunstone Hotel Investors during the 3rd quarter worth $152,000. Finally, ProVise Management Group LLC acquired a new position in shares of Sunstone Hotel Investors in the 3rd quarter valued at $162,000. Institutional investors and hedge funds own 99.37% of the company’s stock.

Sunstone Hotel Investors Price Performance

Shares of NYSE SHO opened at $10.53 on Thursday. The firm has a market cap of $2.14 billion, a PE ratio of 11.32, a PEG ratio of 4.05 and a beta of 1.21. The company has a current ratio of 7.03, a quick ratio of 7.03 and a debt-to-equity ratio of 0.43. Sunstone Hotel Investors, Inc. has a 1-year low of $8.61 and a 1-year high of $11.59. The company has a fifty day moving average price of $10.96 and a 200 day moving average price of $10.47.

Sunstone Hotel Investors (NYSE:SHO) last announced its earnings results on Friday, February 23rd. The real estate investment trust reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.44. The firm had revenue of $219.20 million during the quarter, compared to analyst estimates of $192.56 million. Sunstone Hotel Investors had a net margin of 20.95% and a return on equity of 11.32%. The company’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.26 EPS. Research analysts predict that Sunstone Hotel Investors, Inc. will post 0.85 earnings per share for the current fiscal year.

Sunstone Hotel Investors Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.28 annualized dividend and a yield of 2.66%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 27.96%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SHO shares. Truist Financial boosted their price target on shares of Sunstone Hotel Investors from $12.00 to $13.00 and gave the company a “hold” rating in a report on Thursday, March 14th. StockNews.com raised shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $10.00.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.